Adjustments Must Be Made for Transactions Between the Associate or Joint

Adjustments must be made for transactions between the associate or joint venture and the entity that give rise to unrealized profits or losses. Realization of such profits or losses occurs when:

A) The asset on which the profit or loss accrued is sold to an external party.
B) As the future benefits embodied in the asset are consumed.
C) The asset on which the profit or loss accrued is sold to an external party or as the future benefits embodied in the asset are consumed.
D) The asset on which the profit or loss accrued is sold to an external or internal party.